Free Trial

Canadian Natural Resources (CNQ) Stock Forecast & Price Target

$34.48
-0.50 (-1.43%)
(As of 06/21/2024 ET)

Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$47.00
36.31% Upside
High Forecast$51.00
Average Forecast$47.00
Low Forecast$42.50
TypeCurrent Forecast
6/24/23 to 6/23/24
1 Month Ago
5/25/23 to 5/24/24
3 Months Ago
3/26/23 to 3/25/24
1 Year Ago
6/24/22 to 6/24/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
7 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$47.00$47.00$47.00$42.25
Forecasted Upside36.31% Upside46.80% Upside46.80% Upside55.72% Upside
Get Canadian Natural Resources Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CNQ and its competitors with MarketBeat's FREE daily newsletter.

CNQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

CNQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Canadian Natural Resources Stock vs. The Competition

TypeCanadian Natural ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.22
2.56
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside36.31% Upside422.68% Upside10.92% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/11/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingSector Perform ➝ Sector Perform
5/28/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
J. Mccrea
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
4/23/2024Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
1/11/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$50.50 ➝ $51.00+57.16%
11/3/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$47.50 ➝ $48.00+41.22%
8/29/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperformer ➝ Outperformer$45.00 ➝ $46.50+45.97%
8/28/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$42.00 ➝ $47.00+51.64%
8/4/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetEqual Weight ➝ Equal Weight$40.00 ➝ $42.50+38.37%
8/4/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Sector Perform
7/12/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy
1/12/2023Stifel Firstegy
Subscribe to MarketBeat All Access for the recommendation accuracy rating
M. Dunn
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy
1/12/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy
12/1/2022TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$46.00 ➝ C$48.50
11/21/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Buy$31.00 ➝ $34.50+15.54%
8/11/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutral
7/19/2022Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Buy$50.00+104.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:23 AM ET.

CNQ Forecast - Frequently Asked Questions

What is Canadian Natural Resources's stock forecast and purchase recommendation?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is $47.00, with a high forecast of $51.00 and a low forecast of $42.50. The consensus rating for Canadian Natural Resources stock is Hold based on the current 7 hold ratings and 2 buy ratings for CNQ. Learn more on CNQ's analyst rating history.

Do Wall Street analysts like Canadian Natural Resources more than its competitors?

Analysts like Canadian Natural Resources less than other "oils/energy" companies. The consensus rating for Canadian Natural Resources is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how CNQ compares to other companies.

Is Canadian Natural Resources being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Canadian Natural Resources's stock had 1 upgrade and 1 downgrade by analysts.

Does Canadian Natural Resources's stock price have much upside?

According to analysts, Canadian Natural Resources's stock has a predicted upside of 46.80% based on their 12-month stock forecasts.

What analysts cover Canadian Natural Resources?

Canadian Natural Resources has been rated by research analysts at Desjardins, Raymond James, and Scotiabank in the past 90 days.


Stock Forecasts and Research Tools

This page (NYSE:CNQ) was last updated on 6/23/2024 by MarketBeat.com Staff

From Our Partners